Max India Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited's Board approved four key items on May 28, 2026. First, the company will issue corporate guarantees up to Rs. 75 crore for wholly owned subsidiaries Antara Senior Living Limited and Antara Assisted Care Services Limited to secure their proposed term loan facilities. This is a contingent liability with no immediate financial impact. Second, M/s MGC Global Risk Advisory LLP was reappointed as Internal Auditor for FY 2026-27. Third, the Related Party Transaction policy was amended. Fourth, unutilized proceeds of Rs. 124.23 crore from the Rights Issue will be reallocated, shifting Rs. 10.80 crore from Brand Marketing and Services vertical to the Products vertical (increasing it from Rs. 43 crore to Rs. 50.30 crore), subject to shareholder approval. The trading window remains closed until May 30, 2026.
The Rs. 75 crore corporate guarantee for subsidiaries increases contingent liabilities on Max India's books, though no immediate cash outflow is expected. Shareholders should monitor the WOS loan utilization as this could affect group-level financial risk. The rights issue proceeds reallocation shifts marketing spend toward products, potentially supporting revenue growth.